Question
In 2020, Elaine paid $2,720 of tuition and $540 for books for her dependent son to attend State University this past fall as a freshman.
In 2020, Elaine paid $2,720 of tuition and $540 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations?
a. Elaines AGI is $98,750.
b. Elaines AGI is $162,500.
c. Elaines AGI is $194,000.
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GAO Yellow Book Government Auditing Standar
Authors: Comptroller General United States Government
2011edition
1479245577, 978-1479245574
